THE ASSESSMENT OF THE COVID-19 IMPACT UPON THE FIRMS FROM THE FINANCIAL AUDITORS? PERSPECTIVE

As a result of the risks to which the firm is presently exposed, their assessment and the analysis of the financial implications on the company imply a high level of professional judgement of the management. The recent events related to COVID 19 have implications for the financial reports of the companies, especially for those with economic connections with the affected areas. From January 2020, auditors must be extremely alert to audit risk, mainly in terms of the direct implications for the compliance with the principle of continuity by the audited companies.